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3. Ethical Considerations
The use of advanced analytics and machine learning can inadvertently introduce
biases, particularly if the training data is incomplete or skewed. Data scientists and BI
professionals must remain vigilant to ensure their methods and conclusions do not
discriminate or unfairly impact individuals. Ethical guidelines often recommend
transparency in how data is collected and used, as well as clear lines of accountability.
4. Regulatory Environment
Regulations like HIPAA (in healthcare) or GDPR (in the EU) set legal frameworks for data
handling. Non-compliance can lead to fines and reputational damage. Therefore,
organizations must integrate compliance checks into their data pipelines, ensuring that
data is only used for its intended purposes.